Rusagro Seeks London Listing
March 29
11:03
2011
Moscow-based Rusagro, the Russian sugar, pork and agribusiness group, is seeking to raise $30m through an initial public offering of about 17% of its equity on the London Stock Exchange. The IPO will value Rusagro, which controls about a sixth of Russia’s sugar production and owns the country’s fifth largest pig farm, at up to $2.08b.
Rusagro incorporates six food processing plants and 38 agricultural companies in the Belgorod, Tambov and Voronezh Regions. Rusagro is also engaged in dairy farming and hog farming in Belgorod Region.
The money raised will be used to fund Rusagro’s expansion strategy. Rusagro is 95% owned by founder and Russian billionaire Vadim Moshkovich and his family.
